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Aircraft Insulation - Global Market Trajectory & Analytics

  • ID: 4805156
  • Report
  • April 2021
  • Region: Global
  • 282 pages
  • Global Industry Analysts, Inc
Global Aircraft Insulation Market to Reach $10.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Insulation estimated at US$7.7 Billion in the year 2020, is projected to reach a revised size of US$10.6 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Thermal, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$6.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acoustic & Vibration segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 7.3% CAGR

The Aircraft Insulation market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Electric Segment to Record 3.6% CAGR

In the global Electric segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • DowDuPont, Inc.
  • Duracote Corporation
  • Esterline Technologies Corporation
  • Evonik Industries AG
  • Polymer Technologies, Inc.
  • Rogers Corporation
  • Triumph Group, Inc.
  • Zodiac Aerospace SA
  • Zotefoams PLC
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Market Overview
  • Aircraft Thermal Acoustic Insulation
  • Aircraft Thermal Acoustic Insulation
  • Insulation Types
  • Fiberglass
  • Mineral Wool
  • Ceramic-based Materials
  • Aircraft Industry Witnesses Rise in Demand for Lightweight Insulators
  • Manufacturers Focus on Advanced Acoustic
  • Rise in Demand for Fire Resistant Materials
  • Growth in Commercial Aircraft Deliveries Props the Demand for Insulation Materials
  • Rise in Passenger Traffic Pulls the Demand for Insulation Materials in Air Craft Industry
  • Focus on Aeroacoustics Drives Demand for High Performance Materials
  • Exhibit 1: Global Air Traffic passenger Growth 2016-2019
  • Foamed Plastics - The Dominant Material
  • Industry Focuses on Thermo-acoustic Insulation Blankets for Aircrafts
  • Rise in Demand for Materials with Low Thermal Conductivity
  • Drive to Develop Advanced Thermal Acoustic Materials

  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown